Key Takeaways
- Meta went to court Monday against the Federal Trade Commission in a landmark antitrust case.
- If the trial ends in the FTC’s favor, Meta could be forced to sells apps such as Instagram and WhatsApp.
- Meta CEO Mark Zuckerberg has reportedly sought help from the Trump administration in resolving the case.
Meta (META) went to court Monday against the Federal Trade Commission in a landmark 澳洲幸运5官方开奖结果体彩网:antitrust case that could force the social media titan to sell off 澳洲幸运5官方开奖结果体彩网:Instagram or WhatsApp.
The FTC’s complaint, originally filed in 2021, alleges Meta engaged in an “illegal buy-or-bury scheme to maintain its dominance” and “acquired innovative competitors with popular mobile features that succeeded where Facebook’s own offerings fell flat or fell apart.”
If the trial ends in the FTC’s favor, Meta could be forced to break up its social media holdings by selling off apps such as I🍎nstagram or the social messaging pl🌺atform WhatsApp.
Meta CEO Zuckerberg Seeks Trump Administration's Help To Resolve Case
The trial comes a couple weeks after Zuckerberg reportedly visited the White House to seek President Donald Trump's help to resolve the FTC case, according to reporting from the New York Times.
The Meta CEO has also looked to the administration for help in fighting 澳洲幸运5官方开奖结果体彩网:against looming fines from the Eur♒opean Commission, according to💯 reports.
In a statement over the weekend, Meta Chief Legal Officer Jennifer Newstead said, "it’s absurd that the FTC is trying to break up a great American company at the same time the Administration is trying to save 澳洲幸运5官方开奖结果体彩网:Chinese-owned TikTok."
Shares of Meta slid a�🐼�bout 2% in recent trading Monday. The stock is down 9% so far in 2025.